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Intel (INTC) Approaches New Downside Target of $21.33
[October 12, 2012]

Intel (INTC) Approaches New Downside Target of $21.33


Oct 12, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) have bearishly opened below the pivot of $21.69 today and have reached the first support level of $21.51. Investors may be interested in a cross of the next downside pivot targets of $21.33 and $20.97.

Intel (NASDAQ:INTC) has potential upside of 34.2% based on a current price of $21.65 and analysts' consensus price target of $29.06. Intel shares should first meet resistance at the 50-day moving average (MA) of $24.46 and find additional resistance at the 200-day MA of $26.12.

Intel share prices have moved between a 52-week high of $29.27 and a 52-week low of $19.16 and are now trading 13% above that low price at $21.65 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.


SmarTrend recommended that its subscribers protect gains by selling shares of Intel on August 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $25.26. Since that call, shares of Intel have fallen 14.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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